JPMorgan Chase increased its stake in Strategy by 36% in the third quarter, raising its position to 848,932 shares valued at $131.3 million as of September 30. The bank also held 11,408,930 shares of BlackRock’s iShares Bitcoin Trust (IBIT), worth $539.98 million, bringing its spot bitcoin ETF holdings to roughly $549 million, excluding options. Its positions in the 13F filing span 35,990 entries valued at $1.84 trillion and may include client, fund and discretionary holdings. The filing does not specify the purpose of the options, which may serve as hedges, support market-making activity or represent client positions. Since the holdings date, MSCI announced Strategy’s removal from the MSCI USA, MSCI World and ACWI indexes, while bitcoin fell below $72,000.
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